Industrial, often cited as one of the more resilient corners of Houston commercial real estate, has had its fair share of ups and downs.
As a whole, industrial is performing well. The greater Houston area’s industrial occupancy rate is hovering at around 94 or 95 percent, and crane-served manufacturing buildings have really absorbed most of the brunt of the oil slump.Houston can expect to see a bit of a slowdown in new industrial projects breaking ground, too, but that may not be a bad thing, considering the market’s healthy occupancy numbers.
Click to read more at Houston Business Journal.